Air Arabia PJSC (AIRARABIA)

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News

21 July 08:33 AM Air Arabia joins consortium to build national low-cost airline in Dammam

Mubasher: A consortium comprising Air Arabia, Nesma Group, and KUN Holding won the general authority of civil aviation’s (GACA) competition to establish and operate a new national low-cost airline at King Fahd International Airport in Dammam. The …

Companies Investments

29 June 06:44 AM Air Arabia, Saudia announce new routes in Russia

Mubasher: Air Arabia and Saudia have expanded their operations in Russia to enhance global connectivity, according to press releases. The Emirati low-cost airline inaugurated its new route to Sochi with a frequency six weekly flights, marking the …

Global Economy

14 May 08:25 AM Air Arabia’s profits exceed AED 305m in Q1-25; revenues jump 14%

Dubai – Mubasher: The net profits attributable to the owners of Air Arabia hiked to AED 305.10 million in the first quarter (Q1) of 2025 from AED 241.03 million as of 31 March 2024. Basic and diluted earnings per share (EPS) increased to AED 0.065 …

Financial Results

16 February 06:11 PM Air Arabia sees higher profits in 2024 backed by operational growth; dividends recommended

Dubai – Mubasher: Air Arabia posted a record pre-tax net profit of AED 1.60 billion in 2024, an annual rise of 4% from AED 1.54 billion, according to the financial results. Total revenue amounted to AED 6.63 billion as of 31 December 2024, up 11% …

Financial Results

29 December 2024 11:08 AM Air Arabia launches 1st flight between Ras Al Khaimah, Moscow to enhance global connectivity

Dubai – Mubasher: Air Arabia has officially launched its first direct flight between Ras Al Khaimah International Airport and Moscow Domodedovo International Airport. The new route will operate three times weekly, expanding the airline’s growing …

Companies Investments

12 November 2024 01:40 PM Air Arabia logs AED 1.2bn profits in 9M-24

Dubai – Mubasher: The net profits of Air Arabia declined by 5% to AED 1.25 billion in the nine months (9M) of 2024 from AED 1.32 billion, according to the financial results. The airline achieved a turnover of AED 4.98 billion, marking a 12% …

Financial Results

29 September 2024 00:43 PM Air Arabia launches new route to Moscow to expand operations

Dubai – Mubasher: Air Arabia expanded its operations after adding a new route connecting Ras Al Khaimah International Airport with Moscow Domodedovo International Airport, according to a press release. As of 27 December 2024, the non-stop service …

Companies Investments

12 August 2024 06:50 PM Air Arabia reports AED 693m profits in H1-24; revenues hit AED 1.65bn in Q2

Dubai – Mubasher: Air Arabia generated a net profit of AED 693 million in the first half (H1) of 2024, marking a 13% decline from AED 801 million in H1-23. The UAE airline also recorded a 13% increase in revenue to AED 3.19 billion during …

Financial Results

23 July 2024 00:02 PM Air Arabia includes Maldives in its global network

Dubai – Mubasher: Air Arabia has launched its non-stop flights between Sharjah and the idyllic island of Maldives, according to a press release. The new flights between Sharjah International Airport and Velana International Airport in Mali will …

Companies Investments

11 July 2024 11:55 AM Air Arabia bolsters European network via new flights to Vienna

Dubai – Mubasher: Air Arabia has launched its newest route connecting Sharjah and Vienna, the capital of Austria, according to a press release. Set to operate on 20 December 2024, the new service will run with a frequency of four non-stop weekly …

Companies Investments

14 May 2024 09:36 AM Air Arabia delivers 8% higher revenues in Q1-24; profits hit AED 266m

Dubai – Mubasher: Air Arabia logged net profits valued at AED 266 million in the first quarter (Q1) of 2024, lower by 22% year-on-year (YoY) than AED 342 million. The airline posted a turnover of AED 1.54 billion in Q1-24, an annual rise of 8% …

Financial Results

7 April 2024 00:51 PM Air Arabia Egypt launches its first flight to Istanbul

Cairo – Mubasher: Air Arabia Egypt, a subsidiary of Air Arabia, commenced its first non-stop flight from Cairo International Airport to Sabiha Gökçen International Airport in Istanbul. The newly added route will link both cities with a frequency …

Companies Investments

17 March 2024 02:10 PM Air Arabia’s shareholders greenlight 20% dividend distribution for 2023

Dubai – Mubasher: The shareholders of Air Arabia approved the distribution of a 20% cash dividend for the financial year that ended on 31 December 2023, according to a press release. During  the company’s Annual General Meeting (AGM), the …

Board of Directors

14 February 2024 02:31 PM Air Arabia’s profits hike 27% in 2023; dividends announced

Dubai – Mubasher: Air Arabia recorded net profits valued at AED 1.50 billion in the full year that ended on 31 December 2023, higher by 27% year-on-year (YoY) than AED 1.20 billion. Revenues surged by 14% to AED 6 billion in 2023, compared to AED …

Cash Dividends

14 November 2023 11:50 AM Air Arabia delivers growth in 9M-23 financials with AED 1.32bn profits

Dubai – Mubasher: Air Arabia witnessed an all-time record of net profits valued at AED 1.32 billion in the first nine months (9M) of 2023, marking a 53% year-on-year (YoY) leap from AED 867 million. The revenues increased by 16% YoY to AED 4.45 …

Financial Results

14 August 2023 09:11 AM Air Arabia’s profits jump 78% in H1-23 interim results

Dubai – Mubasher: Air Arabia generated net profits attributable to the shareholders worth AED 800.75 million in the first half (H1) of 2023, marking a 78% surge from AED 450.91 million in H1-22. Revenues stood at AED 2.82 billion as of 30 June …

Financial Results

9 May 2023 00:21 PM Air Arabia sees higher net profits to equityholders in Q1-23

Dubai – Mubasher: The net profits attributable to the shareholders of Air Arabia jumped to AED 341.56 million in the first quarter (Q1) of 2023, compared to AED 290.86 million in Q1-22. The group posted revenues amounting to AED 1.42 billion as of …

Financial Results

15 March 2023 11:37 AM Air Arabia’s shareholders approve 15% dividends for 2022

Dubai – Mubasher: The equityholders of Air Arabia agreed to the board’s recommendation of paying out 15% of the capital as cash dividends for 2022. During their annual general meeting (AGM) that was held on 14 March, the shareholders greenlighted …

Cash Dividends

14 February 2023 11:48 AM Air Arabia’s profits to owners over double in 2022; dividends proposed

Dubai – Mubasher: Air Arabia logged net profits attributable to the shareholders worth AED 1.22 billion in 2022, a leap of 70% from AED 719.92 million in 2021. Revenues enlarged by 65% year-on-year (YoY) to AED 5.24 billion in the 12-month period …

Board of Directors

10 November 2022 00:50 PM Air Arabia’s profits leap 242% in 9M-22

Dubai – Mubasher: The net profits of Air Arabia enlarged by 242% year-on-year (YoY) to AED 866.63 million in the first nine months (9M) of 2022, compared to AED 253.12 million. The revenues totalled AED 3.84 billion in 9M-22, a 106% YoY hike from …

Financial Results

25 September 2022 04:40 PM DAL Group, Air Arabia partner to launch new airline in Sudan

Dubai – Mubasher: DAL Group, Sudan’s most innovative and customer-focused conglomerate, and Air Arabia, announced the planned launch of “Air Arabia Sudan”, a joint-venture (JV) company to be based in Khartoum International Airport. …

Macroeconomics

11 August 2022 09:39 AM Air Arabia reports net profit of AED 451m for H1-22

Dubai – Mubasher: Air Arabia achieved a net profit of AED 451 million during the first six months (6M) ending 30 June 2022, compared to AED 44 million registered in the corresponding period in 2021. MENA’s first and largest low-cost carrier …

Financial Results

12 May 2022 10:32 AM Air Arabia's net profits hike in Q1-22

Dubai - Mubasher: The net profits of Air Arabia hiked to AED 290.86 million in the first quarter (Q1) of 2022, compared to AED 33.84 million in the year-ago period, according to the company's unaudited consolidated financials for the three-month …

Financial Results

6 April 2022 05:57 PM Air Arabia Abu Dhabi introduces new route to Pink city

UAE – Mubasher: Air Arabia Abu Dhabi, the joint venture between Etihad Airways and Air Arabia, has launched a new destination to Jaipur which is known as the Pink city, marking its 18th route to India. Starting from 5 May this year, the new …

Companies Investments

13 March 2022 10:12 AM Air Arabia's OGM approves 8.5% dividends for 2021

Dubai - Mubasher: The ordinary general meeting (OGM) of Air Arabia has approved a cash dividend distribution, equivalent to 8.5% of the capital, for 2021. The cash dividend payout stands at 8.5 fils per share, according to a recent bourse filing. …

Cash Dividends